Investments

Individual Retirement Accounts (IRAs)

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Whether you’re just getting started or building on years of progress, our IRA options help you grow your retirement savings with flexibility and support along the way 

Smart, steady ways to save for retirement

IRA Savings

A tax-advantaged retirement savings account that lets your funds grow while you contribute, transfer, or reallocate as your plans evolve.

IRA Certificates

Lock in a fixed dividend rate between 3 to 60 months and watch your retirement savings grow steadily over time.

7-Month Promotional IRA Certificate

A short-term IRA certificate with a competitive rate — designed to help you grow your retirement savings with confidence.

How to open your IRA

Opening an IRA starts with a conversation. Our IRA specialists will guide you through your options and help you choose the structure that fits your goals.

01
Connect with an IRA specialist

Schedule time with one of our IRA experts. They’ll walk you through Traditional and Roth options and answer any questions about timelines or contributions.

02
Choose your IRA type and savings option

With guidance from your specialist, decide between a Traditional or Roth IRA based on your income, tax situation, and retirement goals. Then, choose flexible IRA Savings or a fixed-rate IRA Certificate term that aligns with your timeline and how you want your retirement funds to grow.

01
Fund your new IRA

Complete your contribution paperwork and fund your account. Your specialist will confirm everything is properly structured and ready to begin earning.

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Let’s build a retirement plan that fits your life

Our IRA specialists will walk through your goals, timeline, and options to help you choose what’s right for you.

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IRA Rates

Balance Dividend APY* 
Daily balance of $25,000 or more 0.15% 0.15% 
Daily balance of $10,000 or more 0.15% 0.15% 
Daily balance of $5,000 or more 0.15% 0.15% 
Daily balance of $2,500 or more 0.15% 0.15% 
Daily balance up to $2,500 0.15% 0.15% 

*APY = Annual Percentage Yield. Rates are variable and may change after account opening. APY is accurate as of 02.17.2026. Balance requirements for APY tiers are in the rate table. A $5 minimum deposit is required to open. Fees could reduce earnings. Certain types of withdrawals or transfers may be limited as part of account policies. Please refer to the account agreement for details. Early withdrawals may be subject to IRS tax penalties. Consult a tax advisor regarding IRA tax implications.

IRA Certificate Rates

TermBalanceDividendAPY*
5-Month Certificate$500.00 - $500,000.00**4.879%5.00%
15-Month Certificate$500.00 - $500,000.00**4.879%5.00%
3 Month$500.00 - $250,000.002.37% - 2.57%2.40% - 2.60%
6 Month$500.00 - $250,000.002.42% - 2.62%2.45% - 2.65%
9 Month$500.00 - $250,000.002.52% - 2.66%2.55% - 2.70%
12 Month$500.00 - $250,000.003.20% - 3.39%3.25% - 3.45%
18 Month$500.00 - $250,000.003.10% - 3.30%3.15% - 3.35%
2 Year$500.00 - $250,000.003.59% - 3.78%3.65% - 3.85%
3 Year$500.00 - $250,000.003.20% - 3.39%3.25% - 3.45%
4 Year$500.00 - $250,000.003.25% - 3.44%3.30% - 3.50%
5 Year$500.00 - $250,000.003.30% - 3.49%3.35% - 3.55%

*APY = Annual Percentage Yield. Rates are variable and subject to change. Rates for the IRA 5 Month Special and IRA 15 Month Special are effective as of 10.05.26. Certificate rates subject to change without notice, penalty applied for early withdrawal of funds, fees may affect earnings. $500 minimum deposit for IRA certificates. 

**Balance limit: Each Allegacy member may open multiple 5 Month Special, IRA 5 Month Special, 15 Month Special, and IRA 15 Month Special accounts, but each Allegacy member is limited to $500,000.00 in total balances across all 5-month accounts and $500,000.00 in total balances across all 15-month accounts. Dividends accrued/paid into 5-month and 15-month accounts do not count toward the balance limit. If the balance limit is exceeded, Allegacy may transfer excess funds to another of your accounts (Checking, Savings, or Money Market). A standard Early Withdrawal Penalty may apply to excess funds transferred out of 5-month or 15-month accounts. 
Your questions, answered

A Traditional IRA may allow you to make tax-deductible contributions, and your savings grow tax-deferred until retirement. A Roth IRA is funded with after-tax dollars, but qualified withdrawals in retirement are tax-free. An IRA specialist can help you determine which option aligns with your income and long-term retirement goals.

You can choose between flexible IRA Savings accounts and fixed-rate IRA Certificates. Both options are available as Traditional or Roth IRAs, allowing you to match your retirement strategy with your preferred level of flexibility and growth. 

IRA Certificates earn a fixed dividend rate for a set term, giving you predictable growth. Your rate remains the same throughout the term, and your funds grow steadily until the maturity date—making them a strong option for defined retirement planning. 

Standard IRA Certificate terms range from 3 to 60 months, with promotional options such as 5-, and 15-month terms when available. Term availability may vary, so reviewing current options can help you choose what fits your timeline. 

Early withdrawals may result in dividend penalties and possible IRS tax implications. Before making changes, it’s important to understand how early access could affect your retirement savings. An IRA specialist can walk you through the details. 

When your IRA Certificate reaches maturity, you have a 10-calendar-day grace period to renew, transfer funds to another IRA option, or withdraw them (subject to IRS rules). If no action is taken, the certificate automatically renews for the same term.